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Guarantee Protection Insurance Ltd (GPI) is an authorised and regulated UK insurer.

From its office in Castle Street, Liverpool the GPI underwriting team stands ready to provide a wide range of insurance solutions to trade associations, construction professionals, product manufacturers, brokers, warranty companies and insurance intermediaries.

GPI’s primary product is Insurance Backed Guarantees (IBGs).

This is the product upon which GPI was initially founded. We believe that GPI’s experience and knowledge in this field is unsurpassed in the UK.

GPI underwrites IBGs for many different trade types and areas of industry. Both commercial and domestic sectors are catered for; with IBGs presently being written for glazing, roofing, waterproofing, damp and timber treatment, property renovations, ECO installations and renewable energy systems.

GPI mainly utilises its wholly owned subsidiary on the administration, claims handling and fulfilment of these products.

More information can be found here.

Our Product

Insurance Backed Guarantees (IBG)

Insurance Backed Guarantees (IBG)

This is the product upon which GPI was initially founded. We believe that GPI’s experience and knowledge in this field is unsurpassed in the UK.

The purpose of an IBG is to provide insurance backing to a written workmanship and/or material guarantee, given by a building contractor to a domestic or commercial customer (the owner of the insured works). Such written guarantees may be given in good faith, by well-meaning contractors; however, even the most prudent and financially solvent contractors are unable to guarantee their solvency -in these volatile times- to the extent that they will be able to rectify defects for the lifetime of those guarantees. As such, responsible contractors, trade associations and competent person schemes across the UK insist that customers are provided with an IBG in order to ensure that recourse to the guarantee is possible, even in the event that the original contractor has ceased to trade.

GPI underwrites IBGs for many different trade types and areas of industry. Both commercial and domestic sectors are catered for; with IBGs presently being written for glazing, roofing, waterproofing, timber treatment, property renovations, ECO installations and renewable energy systems.


PCA - Insurance Backed Guarantee Products

An Insurance Backed Guarantee (IBG) is a low cost, long term insurance policy, which provides valuable protection for consumers when undertaking home improvements projects. The principle of an Insurance Backed Guarantee is to honour the terms of the written guarantee, originally issued by the installing contractor, where the contractor has ceased to trade as defined within the policy document and is therefore unable to satisfy claims against the guarantee.

The following IBG products are currently available:

Rising Damp IBG | Timber Treatment IBG | Wall Tie IBG | Lateral Restraint IBG | Structural Waterproofing IBG

Description

IBG Policy for Rising Damp contracts – this includes chemical injection, electro osmosis and vertical damproofing.

Purpose

Designed to provide cover in the event that the insured remedial works fail, during the period of insurance, and the contractor has ceased to trade and is unable to honour claims on the written guarantee.

Documentation

Japanese Knotweed IBG

Description

IBG Policy for Japanese Knotweed treatment contracts – this includes herbicide, screening/sifting, rhizome fragmentation, bund/stockpiling, excavation and removal to landfill, root barrier – vertical and burial/cell formation.

Purpose

Designed to provide cover in the event that the insured remedial works fail, during the period of insurance, and the contractor has ceased to trade and is unable to honour claims on the written guarantee.

Documentation

Japanese Knotweed Treatment, Monitoring and Insurance Backed Guarantee Product

Description

An insurance specifically for Japanese Knotweed treatment contracts involving herbicide treatment.

Purpose

Designed to provide cover in the event that the original contractor has ceased to trade and is either unable to complete the management plan for the treatment and monitoring of Japanese Knotweed that was agreed with them or if they are unable to honour their written guarantee should there be a re-growth of Japanese Knotweed after successful completion of a management plan.

Documentation

Knotweed Express Insurance Backed Guarantee product

Description

An insurance backed guarantee specifically for Japanese Knotweed eradication contracts.

Purpose

Designed to provide cover in the event that the original contractor has ceased to trade and is unable to honour their written guarantee should there be a re-growth of Japanese Knotweed after successful completion of a management plan.

Documentation

Senior Managers

Andy Page

Chief Executive Officer

Andy joined the group in the summer of 2018 as Group CEO, bringing with him over twenty years’ experience within the insurance industry in various senior financial and CEO roles. His previous role was CEO of Sompo Europe, a Japanese general insurer where he spent 6 years. Prior to this, Andy’s experience includes senior finance roles within the Lloyds of London insurance market and at AXA. Andy is a qualified accountant.

Jeremy Brettell

Board Chair

Jeremy is an independent qualified Chartered Director and Fellow of the Institute of Directors and holds an MBA from Sheffield Business School. He has over 40 years’ experience in the financial services industry and has a portfolio of Non-Executive roles including Audit Committee Chair for a UK bank and Risk Committee Chair for a major London-based investment platform. He was voted UK Non-Executive Director of the year 2018 by the Institute of Directors.

Carol Ritchie

Chief Finance Officer

Carol brings significant experience to the Board, having been appointed Interim Chief Finance Officer in July 2018. Carol has board level experience in the capacity of both an executive and non-executive Director; having financial and risk experience gained in both interim and permanent positions at firms such as One Family, Engage Mutual, Royal Liver, HBOS Business Banking and Marsden Building Society. Carol is both a qualified accountant and a qualified tax advisor.

Graham Singleton

Audit Committee Chair

Graham is a qualified Actuary with over 35 years of experience in the financial services industry.  He held Chief Actuary, Chief Financial Officer and CEO roles in various companies. Latterly he worked with private equity focusing on general insurance. He is now specialising in non-executive work covering a variety of financial services disciplines including consumer finance as a non-executive of the Very Group Finance Company Limited and life & pensions as a non-executive director for the National Friendly Society and the STM Group Life companies based in Gibraltar. Graham joined the GPI board as a Non-Executive Director in May 2019. 

Graeme Charters

Chief Actuary

Graeme is a qualified Actuary with a broad background covering pensions, investment, life and non-life insurance, risk management and general management. He holds a Chief Actuary Practising Certificate (non-Life without Lloyd’s) from the Institute and Faculty of Actuaries (IFoA). He is an Associate of OAC Actuaries and Consultants, a supplier of actuarial services to insurers. Graeme has been providing actuarial advice to GPI since June 2013 and is currently a member of the Research and Thought Leadership Board of the IFoA.

Paul Wakefield

Risk Committee Chair

Paul is a Chartered Insurance Practitioner with longstanding experience in all aspects of insurance and reinsurance ranging from Global Programmes for Multinational Corporations from all around the globe to motor insurance policies for the man on the high street. Paul has worked with Norwich Union and Swiss Re and after periods working for Aon and HSBC Insurance Management in 2012 switched roles to focus on Non-Executive positions for both domestic insurance operations and insurance subsidiaries of major corporations. Paul is the Chairman of GPI’s Risk Committee.

Blair Houston

Head of Legal

Blair is a professional legal and compliance expert, with interests in insurance; financial services regulation; corporate governance; and privacy legislation. Joining GPI’s group in 2010 after having graduated from Strathclyde Law School, he has an extensive knowledge of the group’s products; customers; and partners. In his time at GPI, Blair has led numerous compliance initiatives, including GDPR, IDD and SM&CR. Blair holds an LLB Degree in Scots Law; is a member of the Chartered Insurance Institute; and is a certified GDPR practitioner.

Jay Frew

Operations Director

Jay joined the Group in March 2001 and has worked in a number of capacities for the Group over the past two decades. This has involved roles within underwriting, claims, account management, compliance, risk and product development. Jay’s current role is that of Operations Director, as well as being the appointed MLRO for GPI. Jay is an expert in GPI’s current core product range, Insurance Backed Guarantees, and he holds the Certificate in Insurance qualification.

We also have a highly trained and efficient administration staff supporting the senior managers and dealing with the day to day running of the business.

Contact Us

Administration Office
Guarantee Protection Insurance Ltd, PO Box 26332, Ayr, KA8 9FG
Telephone: 01292 268020
Fax: 01292 611723

Registered Office Address Details
14 Castle Street, Liverpool, L2 0NE

Registered In England under Company Registration Number 03326800. Guarantee Protection Insurance Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. This information can be verified on the Financial Services Register. Guarantee Protection Insurance Ltd’s Firm Reference Number is 207658.

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Guarantee Protection Insurance Ltd (GPI) is part of the Kinnell Family